London developers are competing for the right to develop the best sites, and the price of the most attractive land reach pre-crisis indicators.
According to research company Savills, the last two quarters of the cost of land for building residential properties in central London rose by 12.5%, the International Business Times.
Analysts note that the developers are competing fiercely with each other for the right to build facilities at the most prestigious areas. Due to excessive demand land value in some cases reaching a peak in 2007.
Demand for land intended for construction of commercial real estate, is not as high. Nevertheless, the value of these lands is also steadily rising. During the six months building plots office buildings rose by 11,6%, hotels - 5,7%.